China’s Growth Accelerating?
Newsweek – Bizarre claim:
For some countries, the current economic crisis could actually accelerate the process. For the past two decades, for example, China has grown at approximately 9 percent a year and the United States at 3 percent. For the next few years, American growth will likely be 1 percent and China’s, by the most conservative estimates, 5 percent. So, China was growing three times as fast as the United States but will now grow five times as fast, which only brings closer the date when the Chinese economy will equal in size that of the United States.
To support it, he cites 2025-
Any attempt at a grand strategy for today must also begin with an accurate appraisal of the world. For that, the Obama administration should study the National Intelligence Council’s newly published forecast, “Global Trends 2025: A Transformed World.”
Come to think of it, I can’t think of a single useful concept put forth by Zakaria.
-Shlok
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